Temasek Holdings, Singapore’s government-owned investment company, has appointed Lim Boon Heng as chairman, replacing S Dhanabalan.
Lim joined the Temasek board last year after retiring from a 30-year political career that included senior cabinet positions and leadership of Singapore’s trades union congress. He will take up the new role on August 1.
Like Lim, Dhanabalan was also a former cabinet minister. He is retiring as Temasek’s longest-serving chairman after 17 years in the job, and will become an honorary adviser after stepping down.
The chairman role is a non-executive position, but CEO Ho Ching said in a statement that Dhanabalan had provided a “strong...